EGencay

Long term GOLD trend

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
Combinating pitchfork and fib retracement analyses, we could say that the gold price will be moving between ~1265 and ~1485 USD in the following months. A price below 1265 has a low possibility, unless something unexpected happens in the world politics. A price trend upwards from 1485 is well possible, but also a change of the trend direction.
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